On March 17, memorandum of understanding signed between "Innovations Center" LLC (INNOLAND), which is subordinate to the State Agency for Citizens Service and Social Innovations under the President of The Republic of Azerbaijan, and “Yeni Fikir” LLC. The purpose of the Memorandum is to support entrepreneurship ecosystems for technological startups in our country and in the regions of Azerbaijan and to implement a high-level partnership that serves the needs of emerging (or other) technology entrepreneurs.

The document, along with the formation and development of technology entrepreneurship, also reflects cooperation issues related to the strengthening of business initiatives. Thus, the content of the Memorandum reflects the factors that are being estimated for the establishment and development of innovation ecosystems in our country, as well as business initiatives.

"Innovations Center" LLC (INNOLAND) cooperates with local and international organizations in accordance with the strategy of the development of innovation ecosystem in our country and in the region, as well as for the development of technology entrepreneurship (startups). As one of such organizations, "Yeni Fikir" LLC is one of the companies operating in the intellectual sector in Azerbaijan and having a specific role in the formation of startup culture.

Thus, the "Yeni Fikir" startup competition, which was held for the sixth time this year, is being implemented by "Yeni Fikir" LLC, sponsored by BP, the Baku Engineering University. The company "Yeni Fikir" cooperates with "Innovations Center" LLC (INNOLAND) in organizing the same startup competition. Five startup projects that will win the competition.

The development of five startup projects that will win the competition will also be supported at the Innoland Incubation and Acceleration Center.

A “Youth Camp” has been organized for the children of martyrs.

Within the framework of the project, the INNOLAND Incubation and Acceleration Center conducted a series of educational and practical sessions for children of martyrs aged 7–23.

During the “Urban Planning Creativity” activity, teams used the provided materials to design and present innovative city models. Trainings on innovation and idea generation were also organized. Participants joined interactive sessions on the concept of startups, idea development, and presentation skills.

Throughout the program, young participants enhanced their creative thinking, problem-solving, and effective idea presentation skills.

The project was organized by the YAŞAT Fondu and the Ministry of Youth and Sports of the Republic of Azerbaijan, with the support of the Goranboy District Executive Authority, the ASAN Könüllüləri Təşkilatı, the INNOLAND İnkubasiya və Akselerasiya Mərkəzi, the Baku Psychology Center, and the Azerbaijan Human Resources Association.

The “Youth Camp” is regarded as an important platform for unlocking young people’s potential and positively guiding their future educational and career choices.

As part of the DOST Agency's "Volunteer DOST" program, a successful familiarization visit of young volunteers to the "INNOLAND" Incubation and Acceleration Center took place! 
Participants gained insight into the startup ecosystem, learned about the stages of turning ideas into businesses, and received information about the operation of the innovation environment.